Exchange Rates

[Detection]

The missus is going on holiday soon and just went and exchanged ? to Euros

I looked on the site to find the exchange rates for her and this is it

She got 1.19 Euros to her ?1.00 as shown above they sell them at that price

But it says that they also buy them for 1.333

Does that mean the Euros are worth more when they are bought back than they cost to buy initially ?

Basically, if I go and buy ?100 worth of Euros @ 1.19 and then sell them immediately back to them, am I going to make a profit ?

I know I`m missing something here

[TangoEight]

I thought it was the other way around, you buy them for 1.33 and you sell them at 1.19. But the 1.19 seems a bit more likely (I can't remember the exact rate but I got about that in Tenerife this Easter and I've always found much better exchange rates there than at home).

For what its worth google says about 1.22, are you sure those rates are up to date, it used to be quite high a few years ago?

[Detection]

Yea they are the correct rates and I have it the correct way around, she bought them for 1.19

But I don't understand the 'buy' price, it looks like you could stand there all day exchanging from ? to Euro and back again and walk out richer than when you went in